Pending home sales in September dropped 7.3% from August and were down 11.3% year-over-year. Housing starts fell 4.56% to 859,000 annualized. Homebuilder sentiment hit a 14-year low. 
Fast-rising mortgage rates in September took a harsh toll on the housing market, according to new monthly data released today.
Pending home sales, a measure of signed contracts on existing homes, dropped 7.3% from August and were down 11.3% year-over-year, according to the National Association of Realtors.
This count reflects buyers out shopping in
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